Ithaca Energy Inc. (IAE) Price Target Cut to GBX 101 by Analysts at Macquarie
Ithaca Energy Inc. (LON:IAE) had its price objective reduced by Macquarie from GBX 106 ($1.31) to GBX 101 ($1.25) in a research report sent to investors on Monday. Macquarie currently has an outperform rating on the stock.
A number of other research firms have also weighed in on IAE. Peel Hunt reaffirmed an add rating and set a GBX 90 ($1.12) target price on shares of Ithaca Energy in a report on Friday. FinnCap reaffirmed a buy rating and set a GBX 96 ($1.19) target price on shares of Ithaca Energy in a report on Friday. Barclays PLC reissued an underweight rating and issued a GBX 70 ($0.87) price target on shares of Ithaca Energy in a research note on Wednesday, October 26th. Canaccord Genuity cut shares of Ithaca Energy to a hold rating and set a GBX 85 ($1.05) price target for the company. in a research note on Tuesday, November 15th. Finally, Royal Bank Of Canada reissued an outperform rating and issued a GBX 95 ($1.18) price target on shares of Ithaca Energy in a research note on Tuesday, October 4th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of GBX 79.50 ($0.99).
Ithaca Energy (LON:IAE) opened at 78.50 on Monday. The company’s 50-day moving average is GBX 82.09 and its 200-day moving average is GBX 67.09. The company’s market cap is GBX 323.25 million. Ithaca Energy has a 52 week low of GBX 16.00 and a 52 week high of GBX 93.00.
About Ithaca Energy
Ithaca Energy Inc is a North Sea oil and gas operator engaged in the appraisal and development of the United Kingdom undeveloped discoveries and the exploitation of its existing the United Kingdom producing asset portfolio. The Company is engaged in oil and gas development and production and related activities in a geographical area being the North Sea.
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